Mipco Seamless Rings balance sheet is weak and might have solvency issues

Yes, The debt of Mipco Seamless Rings is increasing.
Latest debt of Mipco Seamless Rings is ₹1.41 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹0.67 Crs.

The profit is oscillating.
The profit of Mipco Seamless Rings is -₹0.31 Crs for Mar 2024, -₹0.03 Crs for Mar 2023 and -₹0.1 Crs for Mar 2022

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mipco Seamless Rings latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Short Term Loans & Advances